SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Friday April 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
The financial meltdown of 2008 is commonly referred to as a "black swan event". An orange swan event, would refer to a major but unforeseen crisis, including a significant correction of major indices, due directly or indirectly to an action taken by Donald Trump. For example, if Trump orders an attack on a Middle Eastern country that could easily escalate into a direct confrontation between American and Russian forces, causing oil, gold and interest rates spike dramatically higher over night. I hope not.
Barring an orange swan event, chances are good that indices push higher between now and early summer to challenge their recent all-time highs and much higher.
SPX: S&P 500 Index SMA: Simple Moving Average
DJI: Dow Jones Industrial Index EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index PUL: Primary Uptrend Line
RUT: Russell 2000 Index ASL: Active Support Line
OEX: S&P 100 Index ARL: Active Resistance Line
NDX: NASDAQ 100 Index DTL: Dynamic Trend Line
TUL: Tentative Uptrend Line TDL: Tentative Downtrend Line
NEUTRAL as of the close of Friday April 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Barring an orange swan event, chances are good that indices push higher between now and early summer to challenge their recent all-time highs and much higher.
After rallying strongly earlier in the week, SPX sold off on Thursday and Friday. By the end of the week, SPX closed below its 50 D-SMA. Chances are good; however, that SPX rallies this coming week to test important resistance levels at its ARL, TDL and even PDL-1.
SGS advanced significantly last week and it is close now to change its status from "NEUTRAL" to "LONG". SGS is signaling higher prices ahead.
Supports and resistances for SPX for the upcoming week are shown above.
My Plan
I'm still planning to open my third and final long position in QQQ sometime this coming week.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
I'm still planning to open my third and final long position in QQQ sometime this coming week.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
SPX: S&P 500 Index SMA: Simple Moving Average
DJI: Dow Jones Industrial Index EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index PUL: Primary Uptrend Line
RUT: Russell 2000 Index ASL: Active Support Line
OEX: S&P 100 Index ARL: Active Resistance Line
NDX: NASDAQ 100 Index DTL: Dynamic Trend Line
TUL: Tentative Uptrend Line TDL: Tentative Downtrend Line
TLR: Trend Line Resistance TLS: Trend Line Support
Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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